Just a friendly reminder for those that are just looking to buy NxT coins. I recommend waiting for the price to stabilize! See for yourself:
1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin
current market rate is about 0.0001 (4700x)
To those who are buying these coins now... most of the coins are being hoarded, so you can only buy them on the market for 4700x or 470,000% of what all of the 1 billion coins were paid for at genesis. And people are buying, sadly, without looking at these figures. Remember - all BILLION coins are already out in circulation, and no more will be generated. All BILLION coins were bought originally for 21 BTC in total, or about $4,000 worth.
To give you an idea, someone is selling 1.8M coins (.18% of all coins circulated, that were bought for 21 BTC) for 180 BTC. If this is an early adopter (may not be), then he would have bought the same 1.8M coins for less than .04 BTC, but now is asking 180 BTC in just 1-2 months. Also, BTC is worth 6-7 more now in USD than at genesis.
I LIKE this coin, and its potential, but I don't like the price it's at, and the greed that the price is showing. So PLEASE, stop and check the math out yourself, and ask what this coin is worth.
I recommend new NxTers to stop buying these coins so high, and bringing the price even higher. Wait for some original investors to sell and distribute, and buy them at the dip. Thank you.
NXT: 6933627427271736687
At least it cost $4400 to start NXT. It cost 0 to start Ripple.
NXT isn't just the 2nd gen Bitcoin, it's also the decentralized Ripple. The announced features mean it has potential to be a Bitcoin killer. Especially the instant transactions. I mean, it's almost 2014, would you want to wait 60 minutes for 6 confirmations? NXT has so much potential, the price skyrockets. You're not paying for its intrinsic value, but for it's potential.
